Guam § 9101 - Merger.

§ 9101. Merger.

(a) One (1) or more corporations may merge into another corporation if

the board of directors of each corporation adopts and its stockholders, if so

required by § 9103 of this Chapter, approve a plan of merger.

(b) The Plan of Merger must set forth:

(1) The name of each corporation planning to merge and the name

of the surviving corporation into which each other corporation plans to

merge;

(2) The terms and conditions of the merger; and

(3) The manner and basis of converting the shares of each

corporation into shares, obligations, or other securities of the surviving

corporation or any other corporation or into cash or other property in

whole or in part.

(c) The Plan of Merger may set forth:

(1) Restatements of or amendments to the Articles of

Incorporation of the surviving corporation; and

(2) Other provisions relating to the merger.